Wow! Amazing results, but it's hard to please people sometimes,imo.
Q4 gross revenue of $29.9 million is up 50% from the $20.0 million achieved in Q4 FY23.
FY24 revenue of $100 million is up 40% from $60 million in FY23 and beats the market guidance of $80 million.
Q4 operating cash outflow decreased to $3.6 million, a marked improvement from the $13.0 million in cash outflow recorded for Q4 FY23 due to improved working capital management, cost discipline, and operational efficiencies.
People are fixated on the cash burn of $27 million, of which $12.4 million is a write-off of old stocks caused by previous management's bad deals with vendors, and that is now cleared up as per the update.
New management definitely has skin in this one, and that’s why CEO Reg continues to buy and accumulate at this level.
Well done, new management. Bubs has definitely turned the ship around imo
Wow! Amazing results, but it's hard to please people...
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $107.0M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $116.3K | 961.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1380712 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 1568816 | 16 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| BUB (ASX) Chart |